F&G Annuities & Life, Inc. (NYSE:FG) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 6.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 80,677 shares of the company’s stock after purchasing an additional 4,963 shares during the quarter. Teacher Retirement System of Texas’ holdings in F&G Annuities & Life were worth $3,343,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FG. Hotchkis & Wiley Capital Management LLC purchased a new stake in F&G Annuities & Life during the third quarter worth approximately $6,369,000. Fisher Funds Management LTD purchased a new stake in F&G Annuities & Life during the 4th quarter worth $5,421,000. Kelly Financial Group LLC acquired a new stake in F&G Annuities & Life in the 4th quarter valued at $4,144,000. Barclays PLC boosted its position in shares of F&G Annuities & Life by 527.8% in the third quarter. Barclays PLC now owns 42,524 shares of the company’s stock worth $1,902,000 after buying an additional 35,750 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of F&G Annuities & Life by 23.1% during the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock valued at $5,381,000 after buying an additional 22,550 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Stephens reaffirmed an “equal weight” rating and set a $47.00 price target on shares of F&G Annuities & Life in a research note on Monday, February 24th.

F&G Annuities & Life Price Performance

Shares of NYSE FG opened at $34.70 on Tuesday. The business has a 50 day moving average price of $42.87 and a two-hundred day moving average price of $43.21. F&G Annuities & Life, Inc. has a fifty-two week low of $34.08 and a fifty-two week high of $50.75. The firm has a market cap of $4.40 billion, a PE ratio of 7.15 and a beta of 1.72. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.34 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. Sell-side analysts expect that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.54%. F&G Annuities & Life’s dividend payout ratio (DPR) is presently 18.14%.

F&G Annuities & Life Profile

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.